Monthly Archives: June 2022

PayPal Lets Users Transfer Bitcoin and Ethereum to External Wallets – Decrypt

Posted: June 11, 2022 at 1:46 am

PayPal announced on Tuesday that crypto users can now move funds off its platform, a long-awaited feature that will make the company's offering more like other popular cryptocurrency services.

"Starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges," the financial giant said in a statement.

The ability to conduct external transfers on PayPal's crypto platform, an image of which can be seen below, will start rolling out to users today and be available to everyone in the U.S. in the next week or two.

PayPal first launched its crypto offering in late 2020, allowing users to buy, sell, and hold four cryptocurrenciesBitcoin, Ethereum, Bitcoin Cash, and Litecoinbut not to move the funds to external destinations like MetaMask, Coinbase, or hardware wallets.

The fact users now can do this is significant because PayPal, which also owns the popular app Venmo, is used by hundreds of millions of people across the world to move money, and is increasingly used by merchants as a payment platform.

It's also notable that PayPal is not backing off its ambitious crypto plans despite a financial downturn that's seen the company's share price get battered in recent months.

In an interview with Decrypt, a PayPal executive said the company is taking the long view when it comes to pursuing a crypto strategy.

"The whole reason we're in crypto is because we believe a substantial portion of commerce is going to move to digital currencies," said Jose Fernandez da Ponte, the company's SVP of blockchain and crypto.

Fernandez da Ponte added this is a big reason the company doesn't charge for crypto transactionsnamely, because its crypto plans revolve around commerce, not operating an exchange business. He also noted that PayPal is bullish on more countries embracing stablecoins and central bank currencies, a development that would favor the company's business model.

It's unclear for now how much crypto is contributing to PayPal's bottom line, especially as the company doesn't disclose how many people are using its Bitcoin and Ethereum service. If the likes of Coinbase and Robinhoodtwo firms with large crypto businessesare any comparison, the volume of crypto transactions at PayPal has likely dropped significantly with the recent market downturn.

Fernandez da Ponte said he's unfazed.

"Theres a lot of discussion about crypto winter, but its important to see beyond that," he said. "The macro trend [of broad crypto adoption] is undisturbed."

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Head To Head: Bitcoin, Ethereum Profitability For Investors – NewsBTC

Posted: at 1:46 am

The battle for higher profitability between Bitcoin and Ethereum has been a long-running one. These two cryptocurrencies command the most market share in the market, and by extension, have the most supporters. Despite operating in the same space, the rivalry between them has been unparalleled. It doesnt just end at the networks themselves but flows into the communities that support both assets, as each one claims to be superior to the other.

The profitability of both of these digital assets has been immense in the past few years. They have cemented their reputations as millionaire-makers since its inception. Nevertheless, it continues to be a competition for which is the better option when it comes to investing.

Related Reading |U.S. Macro Pressure Responsible For Entire Bitcoin Downtrend

On a year-over-year basis, the newer and younger Ethereum has proven to have the most returns for investors, usually beating pioneer cryptocurrency Bitcoin by more than 2x on various occasions. This has drawn more investors to it and the speculations that Ethereum is the better choice.

This school of thought is also supported by data that shows investor profitability across both digital assets. Ethereum currently sees 54% of all holders being in profit, surpassing that of Bitcoin holders. However, this is only by a small margin given that 52% of BTC investors are in profit. This also shines through in the loss territory where ETH and BTC investors in loss are 42% and 43% respectively. This puts both cryptocurrencies on an almost equal footing.

Both digital assets have a reputation for being good options to hold through the bear market. But where Bitcoin shines through, though, is its ability to hold up better during market downtrends. During the last bear market, the price of bitcoin had declined a little over 80% whereas Ethereum had seen a more than 90% decline.

Related Reading |Bitcoin Open Interest Falls As Price Dips Below $31,000

This is the case through the present bear market where bitcoin had proven to hold up better once more. Since the all-time high in November, BTC is down about 56%. However, ETHs price has crumbled by more than 63% in the same time period.

One thing remains constant across these two digital assets, and that is the fact that longer-term holders are more likely to make a profit compared to those who only choose to hold for the short-term. Wallets which have held their cryptocurrencies for more than one year are more likely to be in the green compared to those that arent.

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Head To Head: Bitcoin, Ethereum Profitability For Investors - NewsBTC

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Analyzing The Current Bitcoin Market Cycle – Bitcoin Magazine

Posted: at 1:46 am

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Listen To The Episode Here:

In this episode of the Fed Watch podcast, Christian and I sit down with Dylan LeClair, head of market research at Bitcoin Magazine Pro. Each week, he and Sam Rule write near-daily updates for subscribers, and once a month they release a large Bitcoin market report. Bitcoin Magazine Pros May 2022 Report is what we are covering for the most part in todays episode.

You can find the slide deck we use for this episode here, or you can see all the charts at the end of this post.

Fed Watch is the macro podcast for Bitcoiners. Each episode, we discuss current macro events from across the globe, with an emphasis on central banks and currency matters.

Before we get into the awesome charts that LeClair brought, I want to get an idea of where he sees bitcoin in its market cycle timing. I ask, somewhat facetiously, if we are in a bear market, because we are definitely not in a typical 80-90% drawdown.

LeClair responds by saying we are in a classic bear market, not necessarily a classic bitcoin bear market. He points out that the upswing of this cycle didnt have the typical parabolic blow-off top weve seen previously in bitcoin, as well as there being more technical and fundamental support in the mid-$20,000s up to $30,000 so drawdown pressure will also likely be limited. LeClair also adds that the average user cost basis was hit by the wick to the recent lows. All in all, there is significant support under the current price and it remains to be seen if there is enough bear momentum to break to new lows.

Lastly, on the market-cycle timing questions, LeClair points out a very underappreciated market development: the collateral type on exchanges has mostly switched from bitcoin in previous cycles to now being stablecoins like Tether (USDT) and USDC. In other words, the dominant trading pairs and cash deposits on exchanges have changed from bitcoin to stablecoins. In the past, the most important trading pair for any altcoin was versus BTC, which has changed to being versus a stablecoin like USDT. This is a monumental shift in market dynamics and will likely lead to much more stable prices for bitcoin, because less bitcoin will be forced to liquidate in the hyper-speculative shitcoin bubbles.

This is Coinbase spot volume, being the dominant American exchange, and the Perp [perpetual futures] volume aggregated over a bunch of different derivatives exchanges. What we can see is various volume spikes. Historically, when bitcoin is trading hands in that size, it signals some sort of market top or bottom, some significant change in market structure. Dylan LeClair

Bitcoin perpetual futures and Coinbase spot volume

The next chart shows the difference in market structure due to stablecoins. LeClair says that 70% of the derivative market was still collateralized by bitcoin around the 2021 summer sell-off. Today, it is much much smaller than that. Therefore, we should expect there to be fewer liquidations in bitcoin when shitcoin bubbles pop, and thats exactly what we see.

Bitcoin long liquidations are shrinking due to stablecoin collateralization

What is great about the Bitcoin Magazine Pro newsletters is they not only look at the bitcoin market but also how macro could be affecting bitcoin. The next two charts are about CPI and interest rates. LeClair does a great job breaking these down during the podcast.

Cunsumer price index year-over-year and the monthly change

Cunsumer price index year-over-year versus the 10-year Treasury yield

I ask LeClair about his thinking on the Federal Reserve monetary policy, and he focuses his analysis around real interest rates. He says real rates will have to stay negative in order to erode the massive global debt burden. Therefore, if the Fed hikes even to 3.5%, for real rates to stay negative the CPI will have to stay above that.

Next up is CKs favorite indicator, the Mayer Multiple, or the 200-day moving average price divided by current price. When the price is below the 200-day moving average, this ratio is below 1, and has historically been a good way to time the market.

Bitcoin price weighted by Mayer Multiple

One of the most dense informational charts on Bitcoin Magazine Pro is up next, and that is Reserve Risk.

The Reserve Risk chart basically weighs Hodler conviction, whether strong or weak, with price.

Bitcoin price weighted by reserve risk

Our last chart for the day is Realized Price, and this is LeClairs favorite. It is a great way to strip out much of the noise and volatility of the bitcoin price and concentrate on the trend.

One of the cool things about the transparency of this network is, we can see when every single bitcoin has ever moved, or was ever mined. We can also [assign each UTXO a price of when it last moved] to come with what we call Realized Price. [...] We can see when everyone is underwater on average. LeClair

Bitcoin realized value ratio

At the end of the show we wrap up with a discussion on the recently proposed draft legislation, by Senator Lummis, that outlines a new framework for bitcoin and what the bill calls digital assets. In fact, they dont use the terms bitcoin, Ethereum, blockchain or even cryptocurrency in the draft at all.

Suffice it to say, we tease out some opinions from LeClair and go back and forth with the livestream crew, but youll have to listen to get that whole insightful discussion! We dive into the effects on the bitcoin market, exchanges and a future bitcoin spot ETF!

That does it for this week. Thanks to the readers and listeners. If you enjoy this content please subscribe, review and share!

This is a guest post by Ansel Lindner. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

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Keep Your Eyes on These Cryptocurrencies – Bitcoin (BTC), VeChain (VET) and CashFi (CFI) – TechCabal

Posted: at 1:46 am

The beginning of the year 2022 has been quite hectic for cryptocurrency investors, with loads of interesting discussions taking place around certain currencies. Especially during April and May when the crypto market experienced one of its craziest periods in a long time.

As things are slowly returning to normality, many coins have seen an increase in value. Investors and enthusiasts have said that it is the best time to start looking at certain tokens. VeChain (VET), Bitcoin (BTC)and CashFi (CFI)are worth taking a look at throughout the rest of this year.

CashFi is the next-generation decentralised network, the CashFi platform will be designed to unite the blockchainecosystem to give faster, cost-effective and scalable services.

Being a platform that is familiar with staking, CashFihas plans to allow its users to unlock liquidity for a higher profit by staking CashFi (CFI)tokens. CashFis blockchain-based trading platform reaps benefits from a modern structure and smart user utilities, and will round up all network fees and payCFIstakeholders in the CashFi hub to ensure the platforms safety.

CashFi plans to create connections and partnerships by introducing its investors to a variety of asset classes like liquid staking and NFTs. CFI wants to unite NFTs into the CashFi ecosystems groundwork for making cross-chain NFTmarketplaces.

CashFi identifies the benefits of NFTs to boost peer-to-peer communication on a global scale, backed by total tenacity and security via transparency, cutting out the need for intermediaries and centralised regulatory structures.

With the Metaverse universe and NFTrealm expanding very fast, users can accomplish anything they want to by converting pieces of art, music, or even digital outfits into NFTs.

Bitcoinalso known as the digital gold of the internet came about in 2009 shortly after the economic crisis, Bitcoin became a revolutionary by its fixed and halving function.

Bitcoingives its users the ability to transact with anyone, anywhere in the world using a digital wallet. This allows users to send and receive money, which usually takes up to 10 or 20 minutes for the transaction to be completed.

Bitcoin uses peer-to-peer technology to operate with no central authority or bank. It is an open-source platform; its designed to be public, no one owns or controls it and is accessible to everyone.

With Bitcoin being the first cryptocurrency to be accessible and available to the world, it would be wise to consider investing in it.

VeChainis a Layer 1 supply chain token with many functionalities for small businesses and giant corporations. It was founded in 2015, VeChain is a blockchain built specifically for the tracing of products.

VeChainis a blockchaincompany which aims to connect blockchain technology to the world by giving enterprises solutions tailored to their business needs. After a period of analysing different businesses, the foundation identified that many companies and businesses were losing billions of dollars annually due to logistic issues.

Consequently, VeChain created a Tool Chain that acts as a solution package for enterprises that would like to adopt VETinto their processes. This package gives businesses the opportunity to attain chips and an interface to view the history of the products on the blockchainin every step of the process, from raw materials to the consumers hands.

KEYWORDS: Cashfi, CFI, Bitcoin, BTC, VeChain, VET, blockchain, NFT

CashFi (CFI)

Presale: Register for presale | CashFi

Website: Cashfi.Finance

Telegram: https://t.me/CashFi_Token

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Keep Your Eyes on These Cryptocurrencies - Bitcoin (BTC), VeChain (VET) and CashFi (CFI) - TechCabal

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Why Are Jay-Z and Jack Dorsey Teaching Bitcoin to Poor Kids? – Yahoo News

Posted: at 1:46 am

Photo Illustration by Luis G. Rendon/The Daily Beast/Getty

In another case of wealthy people shilling crypto to the financially vulnerable, rapper Jay-Z and Twitter founder Jack Dorsey have joined forces once again to launch a financial literacy program called The Bitcoin Academy that will teach residents of Brooklyns Marcy Houses, where Jay-Z grew up, about the world of cryptocurrency and how to avoid scams.

In a tweet announcing the new project on Thursday, Dorsey wrote, [B]itcoin is becoming a critical tool for many in Africa and Central and South America. We believe the same potential exists within communities in the US. Our goal is to prove that making powerful tools more available to people enables them to build greater independence.

He added, Education is where we start. This isnt just about bitcoinits about long-term thinking, local economies, and self-confidence. Courses are free to all Marcy residents, including kids. And to make it even easier were providing devices and data plans for all who need it.

According to The Bitcoin Academy website, the free, biweekly classesstarting June 22will be held online and in-person for 12 weeks, with dinner provided for in-person attendees. All participants will receive MiFi devices with a year-long, limited data plan and smartphones, which they can keep. Additionally, there will be a separate Crypto Kids Camp held on two Saturdays for residents ages 5-17.

Thats right. A child whos still learning how to read and add numbers will have the opportunity to learn (and most likely, forget) about blockchains, as opposed to having their groceries paid for or savings endowed, thanks to the generosity of two exorbitantly wealthy dudes.

Reese Witherspoon, Matt Damon, and the Hollywood A-Listers Embarrassingly Shilling Crypto

As one can imagine, backlash to Jay-Z and Dorseys initiative on social media was swift, with users primarily slamming Jay-Z. At a time when Hollywoods biggest entertainers are tweeting ominous warnings about the metaverse and showing off their hideous ape NFTs, celebrities that are part of the cryptocurrency revolutionusually for a cash grabare increasingly being held accountable for misleading the public. For example, Kim Kardashian and Floyd Mayweather Jr. are currently being sued over deceiving advertisements for the cryptocurrency token EthereumMax, the value of which quickly plummeted after Kardashian plugged it on her Instagram Stories last year.

Story continues

Namely, these endorsements, sent out to millions of followers on social media, typically omit the risks of entering into an extremely risky market where participants are frequently subject to scams and, in the case of NFTs, their art being stolennot to mention the substantial carbon footprint bitcoin production is leaving behind.

Likewise, the internet seemed mostly aware that Jay-Zs efforts would potentially bring more harm than good and werent much different than taking Marcy residents on a weekly outing to a casino. However, even if the financial literacy program didnt involve learning about crypto, the notion that poverty is determined by individual behavior and not structural forces is both misguided and deeply offensive. Its also characteristic of Jay-Zs brand.

The musician, a staunch believer in capitalism, has long proposed Black ownership and financial freedom as a path to liberation, as opulence has become a larger theme in the later parts of his oeuvre. Likewise, hes known to censure Black people for not handling their money properlylike in the song The Story of O.J. from his 2017 album 4:44. He controversially rapped, You wanna know whats more important than throwin away money at a strip club? / Credit / You ever wonder why Jewish people own all the property in America? / This how they did it / Financial freedom my only hope. And on the Pharrell Williams-assisted track Entrepreneur, an ill-received response to 2020s Black Lives Matter protests, he instructs listeners, for every one Gucci, support two FUBUs.

Marcy Houses, former home of rapper Jay-Z, in the Bedford-Stuyvesant neighborhood of Brooklyn, New York, on April 15, 2016.

Raymond Boyd/Getty

These financial principles are popular in mainstream hip hop and amongst members of the Black elite. Its more advantageous for Black celebrities to tell their followers how they should be spending their meager paychecks as opposed to advocating for free healthcare or affordable housing. Rapper 21 Savage was met with similar skepticism when he announced a virtual financial literacy course with the mobile banking app Chime in 2020. And this invest in your community rhetoric was a point of critique in an episode of Atlanta last season.

While everyone should learn how to budget, its safe to say that this particular gesture from Jay-Z and Dorseywhen they could redistribute the tiniest fraction of their wealth and make a much bigger, material impact on these residents livesis stingy and, quite frankly, gross.

Unfortunately, both businessmen understand that many people in desperate financial situations are willing to accept crumbs. Its understandable that potential participants of The Bitcoin Academy would be eager to get their hands on whats being sold to them as an entryway to sustainable wealth. But lower-income people are also often acutely aware of their economic situations, how they got there, and the systems that are constantly screwing them over. Hopefully, they take their new smartphones, free dinners, and tell those two billionaires to fuck off.

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Vaping Is A Rising Trend Amongst Gen Z – GLAMOUR UK

Posted: at 1:46 am

If you've been outside (or on social media) lately, you've likely noticed the increase in vaping. At least, I know I have. As a uni student in 2022, I am often guilty of succumbing to picking up a vape at the off licence when stocking up on my weekly booze. Their bright colours and sweet smells are now a signature part of a night out.

Like many gen-Zers, I've tried smoking but the ashy, burnt taste was not for me, and the thought of smoke swirling around my lungs? No thanks. But vapes the Elf Bars brand specifically are damn tasty. I now often find myself pairing the colour of my vape to my outfit as a fashion accessory for a trip to the pub. I also find myself shotting cheap tequila with no lime and salt, and using a vape as a sweet chaser. I have let this tasty, portable and, lets face it, quite nice-looking companion into my life with no questions asked. It's like a one-night-stand that I've let turn into a clingy relationship, with me 24/7.

So, when I started reading horror stories online and people on TikTok with blatant vape addictions, I started to get a little concerned; I wanted to dig a bit deeper.

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Vaping is a growing phenomenon with more and more people making the switch to e-cigarettes in a bid to ditch tobacco cigarettes. Not only do they taste better, but they're considerably cheaper, too. Prices for vapes are as low as 4, whereas a pack of 20 Marlboro Gold are currently priced at 12.55 at Tesco. Then there's the A-list seal of approval, too, with celebrities including Leonardo DiCaprio, Kate Moss and Lady Gaga having all been spotted vaping.

Dr Onkar Mudhar thinks that smoking just one Elf Bar which some uni students are getting through in a single night out is the equivalent of about 48 to 50 cigarettes. Are we replacing smoking with something possibly even more dangerous?

It's no wonder that Elf Bars have been plastered all over social media platforms in a variety of flavours and colours. The hashtag #elfbar currently has 697 million views on TikTok, while #vaping has 1.6 billion views.

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In the UK, from January 2021 to January 2022, there was a 14-fold increase in the percentage of vapers that used disposables, which was most pronounced in younger adults: the use of disposable vapes in 18-year-old vapers rose from 0.89% to a staggering 56.7%, whilst among 45-year-old vapers the use of disposables rose from 1.3% to 6.2%.

While smoking tobacco was popular for Gen-Z's parents' generation it wasn't until 1964 that a definitive report was published linking smoking to lung cancer reports have shown that the recent increases in vaping have been directly associated with declining rates of youth smoking. It looks as though we're replacing smoking with vaping. And with one TikTok from Dr Onkar Mudhar claiming that smoking just one Elf Bar which some uni students are getting through in a single night out is the equivalent of about 48 to 50 cigarettes (as the bar contains two milligrams of nicotine salt which is equivalent to 20 milligrams of nicotine), are we replacing smoking with something possibly even more dangerous?

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The hot vapour and nicotine from a vape can be harmful to your oral health, says Amanda Sheehan, a dental hygienist, and clinical support specialist at TePe. Nicotine whether smoked or vaped, reduces blood flow to the gums, increasing the risks of gum disease and tooth loss.

It goes without saying that smoking is bad for your health, but something that is less commonly spoken about or understood is the impact that vaping has on oral health, says Amanda Sheehan, a dental hygienist, and clinical support specialist at TePe. The hot vapour and nicotine from a vape can be harmful to your oral health because nicotine whether smoked or vaped reduces blood flow to the gums, increasing the risks of gum disease and tooth loss. So, vaping puts you at a higher risk of developing gum disease than if you dont vape at all.

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The Canadian Vaping Association: Dual use of cigarettes and vapes if often a sign that a smoker is trying to quit – GlobeNewswire

Posted: at 1:46 am

BEAMSVILLE, Ontario, June 10, 2022 (GLOBE NEWSWIRE) -- Opponents of vaping often claim that there is no health benefit to the dual use of cigarettes and nicotine vaping products. Moreover, they claim that dual use may be more harmful than smoking alone. This is contrary to the well accepted principle of harm reduction that is a cornerstone of every modern public health initiative. Instead, it rests on a fallacious binary option, where smoking and abstaining from nicotine use are the only alternatives for adults. This view is an endorsement of the discredited abstinence or prohibition models that have been discarded by modern democracies such as Canada in all other public health contexts as ineffective, unscientific, unrealistic, unenforceable, counterproductive, and ultimately harmful to public health.

Each time a vape is used instead of a cigarette, that individual reduces exposure to the thousands of harmful chemicals found in a cigarette. Additionally, dual use is often an indicator that a smoker is trying to quit or substantially reduce their cigarette intake. The dual use harm fallacy defies common sense, as dual use is a spectrum ranging from mostly smokers to mostly vapers. An individual who primarily vapes and only occasionally smokes has greatly reduced exposure to toxic chemicals.

One of the most dangerous ways to consume nicotine is by smoking it. The availability of safer nicotine products, such as vape, is intended to encourage people to quit smoking. For the most nicotine addicted, a period of dual use seems essential to free themselves from the smoked cigarette, said Martine Robert, a nurse specialised in tobacco treatment.

From an individual perspective, the goal should be the total elimination of cigarette smoking. It has been shown that the risk of cardiovascular disease due to smoking does not follow a linear dose-response curve and that simply swapping out a few cigarettes with vaping will not significantly reduce the long-term risk. However, on the road to quitting cigarettes, any reduction should be considered a positive step. Historically, the message of tobacco control advocates and the medical profession has been to reduce the number of cigarettes smoked with the aim of quitting. It is still better to consume half a pack of cigarettes per day than a full pack. As with any behavioral modification, the process of a gradual change is ultimately much more successful than a cold-turkey approach. Ironically, this stepwise introduction is exactly how we promote nicotine replacement therapy (NRT) using patches and gums. We would never tell someone to stop NRT because they are smoking the occasional cigarette, said Dr. Mark Tyndall.

The problem with the persistence of vaping myths like the dual use fallacy, is that they likely contribute to prolonging dual use and smoking in general. Smokers are not receiving clear guidance on reduced risk products from health authorities, and as a result, they are hesitant to try vaping or other harm reduction products after traditional methods have failed, said Darryl Tempest, Government Relations Counsel to the CVA Board.

We can all agree that the goal should be to phase out cigarettes and eliminate exposure to the deadly chemicals released through combustion. The focus now should be how we best help people to fully move away from cigarettes. However, taking a position that dual use is unhelpful or even dangerous is disingenuous and not supported by the scientific evidence provided, said Tyndall.

Contact:Darryl TempestGovernment Relations Counsel to the CVA Boarddtempest@thecva.org 647-274-1867

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The Canadian Vaping Association: Dual use of cigarettes and vapes if often a sign that a smoker is trying to quit - GlobeNewswire

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Is vaping a safer alternative to smoking? We just don’t know yet – ABC News

Posted: at 1:46 am

Not so long ago, having your first cigarette was a rite of passage, like a first drink or a first kiss.

Smoking a cigarette stolen from a parental pack was something kids did in secret, behind the bike shed, down at the footy oval. It was a form of play, pretending to be a grown-up.

Now that first puff is more likely to come from a vape inhaler as tobacco companies pivot to survive.

Hailed by some as a safer alternative to smoking, there are growing concerns vaping is creating a new generation of nicotine addicts, some of whom will end up as tobacco users.

Vaping fluid, turned into an inhalable vapour by a heating element in an e-cigarette, is widely available in retail stores and online.

While fluid containing nicotine is only legally available in Australia with a prescription, vapers will tell you it's not hard to get.

Many vaping fluids sold over the counter labelled as non-nicotine, do in fact contain nicotine.

Professor Simon Chapman, who has been at the forefront of public health efforts against tobacco smoking since the 1980s, spoke to The Context this week and said it took decades for the deadly effects of tobacco smoke to become clear, and it may be the same with vaping.

"Some of my biggest concerns are with flavourants," Chapman says.

"The average vaper who vapes daily takes about five to six hundred puffs and we really have no idea what the long-term consequences of that are going to be."

Professor Chapman says time is running out to prevent a repeat of the past. He and others want to see all vaping fluid made prescription-only and importation heavily restricted.

"We need to be very, very cautious. We need to err on the side of strong regulation."

Nicola Roxon, who now chairs VicHealth, Victoria's Health Promotion Foundation, is similarly dubious about the tobacco industry's motives in promoting vaping.

"I don't think the industry has earned the right to be trusted, which is kind of their argument on vaping 'look trust us, it's not as bad as tobacco, at least it will help some people quit' when the early signs are it's actually being used as an entry product back into smoking."

Researchers at the ANU came to a similar conclusion, stating: "There is strong evidence that non-smokers who use e-cigarettes are three times as likely to go on to smoke combustible tobacco."

Other studies suggest around 10 per cent of 14 to 17-year-olds are now vaping, a higher proportion than regularly smoke.

Currently around 12 per cent of men and 8 per cent of women smoke around half of what it was at the turn of the century.

Yet smoking rates in the Indigenous population are three times that.

A quarter of adult Australians used to smoke but have quit, while more than 60 per cent of us have never smoked. Of those who do, 70 per cent say they want to quit.

People experiencing problems with their mental health are much more likely to be smokers. More than 30 per cent of those with social phobias, more than half of people with general anxietyand two-thirds of people experiencing some form of psychotic disorder smoke.

Where you live can also be an indicator of whether you're still likely to smoke.

People living in remote areas smoke at a rate of around 20 per cent. It's 13 per cent in the regions and around 10 per cent in our cities.

People in the lowest-income areas are almost four times more likely to smoke than those in the richest areas.

The highest smoking rates are now among people in their fifties, followed by the forty-somethings.

Fewer than 5 per cent of people aged over 70 smoke, in part simply because many older male smokers have died.

People in their twenties were the biggest smokers 20 years ago that's fallen from 31 per cent to 13 per cent today.

There was a time when smoking was everywhere.

Ornate ashtrays adorned every coffee table, dining table, even the bedside table.

You could smoke on trains, on planes, in taxis, in pubs, clubs and the finest restaurants.

On TV and in the movies, everyone seemed to smoke almost non-stop.

A cigarette draped from Humphrey Bogart's lip was a sign of both toughness and nonchalance;in James Dean's hand it was rebellious, even dangerous;in Audrey Hepburn's long holder, it spoke of elegance.

For a bunch of burning leaves rolled in a piece of paper, a cigarette sure had acting range.

At the end of World War II in 1945, 72 per cent of Australian men and 26 per cent of women smoked.

Servicemen were given free cigarettes with their rations.

A smoking soldier was, by definition, at ease, relaxing between battles or after victory had been won.

You couldn't see people smoke on the radio, but the ads told they were rich, mild, tasty and smooth on the throat.

That was our first clue.

Until smoking became commonplace in the first decades of the 20th century, lung and throat cancers were comparatively rare.

Doctors started noticing more and more cases until by the 1950s it was impossible to ignore.

In 1957, Humphrey Bogart died from smoking-related cancer of the oesophagus.

In 1964, the US Surgeon General announced cigarette smoking was "causally related to lung cancer", and a few months later singer Nat King Cole died from the disease at the age of just 45.

Female smoking rates peaked at 33 per cent in the mid-1970s, after tobacco companies targeted the economically empowered women's movement to make up for lost male smokers.

Faced with overwhelming evidence, and a growing burden on health budgets, the 1970s saw a phased ban on tobacco advertising on Australian television and radio.

It took much longer to remove cigarette ads from billboards, newspapers and magazines.

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Tobacco companies still bought their way onto TV screens through sporting sponsorships into the 2000s, until finally a decade ago when their brands were effectively taken from them in Australia with world-first generic packaging.

That reform was championed by then-federal health minister Nicola Roxon, who told The Context it was aimed at stopping younger people from wanting to start smoking in the first place.

"The way that tobacco is appealing, the way that packets looked, making them uglier, making it embarrassing for people to have them on the table at the pub."

Smoking was no longer associated with glamour:the drab packs now linked it to phlegm and gangrene.

Government-mandated increases in tobacco taxes had an impact too.

Back in 1980, a pack of cigarettes cost $1.10 (adjusted for inflation, that's around $5) compared with close to $50 for a pack today.

Price, along with health concerns, is the major reason people say they've quit.

So, all-in-all we have come a long way, although because death from smoking-related illness often involves a time lag of many years, we are still seeing in excess of 20,000 deaths from smoking-related disease each year.

The Context with John Barron puts news and major issues into historical, international and factual context. The new show airs on the ABC on Friday nights at 8PM AEST.

Posted9 Jun 20229 Jun 2022Thu 9 Jun 2022 at 8:03pm, updated9 Jun 20229 Jun 2022Thu 9 Jun 2022 at 8:13pm

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Is vaping a safer alternative to smoking? We just don't know yet - ABC News

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Pivot’s Vaping Guide Exposes a Dangerous Trend in the Workplace – Business Wire

Posted: at 1:46 am

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Pivot, a digital health company empowering individuals to embrace wellness and enabling corporations and health plans to improve their population's health, today released Employee Vaping - What Employers Need to Know to Foster a Healthier Workforce. This free guide helps employers understand vaping, how it harms employees, and why it's essential to include a vaping cessation program when creating healthier workplaces.

Vaping is one of the fastest-growing industries globally, expected to top $61.4 billion in total worth by 2025, according to business analyst FinSMEs. Many analysts predict that vaping will become the next nicotine epidemic.

Vaping is popular among former smokers and those who have never lit up a cigarette, especially younger people. Vaping prevalence is increasing, which should cause concern and sound the alarm for employers responsible for employee wellbeing and healthcare costs. Just recently, it was reported that annual healthcare costs have risen by $2,000 for Americans who vape.

"There's a myth that vaping is safer than smoking tobacco," said David Utley, M.D., Pivot's Founder and CEO. "The plethora of tempting flavors and lack of secondhand smoke make it attractive to younger people and former smokers. But research shows vaping is not safer and causes the same health and societal issues as other forms of nicotine. Nicotine use, including vaping, can cause depression, neurological disorders, and other health problems. Pivot created this guide to help employers and their workforce understand the dangers of vaping and discover effective ways to quit."

This guide offers employers information on:

Pivot's personalized app-based cessation program helps those who vape, smoke and use other forms of tobacco. With program enrollment more than five times higher than traditional cessation programs, the Pivot program's personalized approach to the quit journey engages participants in cessation activities they find most comfortable and effective. Pivot's first-of-its-kind FDA-cleared Breath Sensor integrates with the mobile app and is clinically proven to increase motivation to quit smoking while decreasing the number of cigarettes smoked. The program also offers coaching and peer-to-peer support via the Pivot community, available from the privacy of an employee's home.

To learn more about how Pivot is working to solve this deadly and costly trend of increased tobacco and nicotine use and download the guide, here.

About Pivot

Pivot is a digital health company that empowers individuals to embrace wellness and enables corporations and health plans to improve their population's health. Pivot's first product addresses tobacco use, the leading cause of preventable illness and death in the US. Pivot addresses cessation for all forms of tobacco (combustible, vaporized and smokeless) and delivers a mobile app experience complete with tailored behavior change content, pharmacotherapy, an FDA-cleared carbon monoxide (CO) breath sensor, a supportive peer community, and a personal tobacco treatment coach. For more information, please visit: https://pivot.co/

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Pivot's Vaping Guide Exposes a Dangerous Trend in the Workplace - Business Wire

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Attorney General Bonta Joins Bipartisan Coalition in Urging FDA to Ban Sale of Synthetic Nicotine Products – California Department of Justice

Posted: at 1:45 am

OAKLAND California Attorney General Rob Bonta today, as part of a bipartisan coalition, urged the U.S. Food and Drug Administration (FDA) to protect public health and address the youth vaping crisis by banning the sale of synthetic nicotine products. Synthetic nicotine products, which are often marketed as tobacco-free,have become increasingly popular in recent years as manufacturers attempt to evadeincreasingFDA regulation of e-cigarettes and other traditionaltobacco products. In todays letter, the coalition urges the FDA to use its recently clarifiedauthority to deny authorization for all synthetic nicotine products, or at a minimum, deny authorization for all flavored synthetic nicotine products.

Syntheticnicotine products have become the new driver of the youth vaping crisis, with manufacturersusing fun flavors and attractive marketing to addict a newgeneration to nicotine,said Attorney General Bonta.While synthetic nicotine products claim to be 'healthier' and 'safer' than traditional tobacco products, these products, particularly when flavored, can pose significant health risks. The FDA has the ability to protect public health by putting a stop to the sale of synthetic nicotineproducts. I urge the FDA to move swiftly beforeanewgeneration of teens starts vaping andsmoking.

Smoking is the number one preventable killer in the United States, resulting in more deaths than the number of people who die from alcohol, AIDS, car accidents, illegal drugs, murder, andsuicides combined. Every day, thousands of young people will use an e-cigarette for the first time, and many of those products will be flavored. The 2021 National Youth Tobacco Survey, conducted by the Centers for Disease Control and FDA, found that one-tenth of high school students reported regularly using an e-cigarette. Of those students, the vast majority use a flavored product and around one-quarter reported that their go-to brand was the syntheticnicotine product Puff Bar.

In today's letter, a bipartisan coalition of attorneys general urge the FDA to ban the sale ofall synthetic nicotine products given the known and unknown dangers these products pose to public health. These products, manufactured in a lab with little to no regulatory scrutiny, are being used to addict the next generation of smokers through appealing flavors and misleading health claims. At a minimum, the FDA must ban the sale of all flavored synthetic nicotine products and require manufacturers to submit evidence to back up their claims that these products can help people quit smoking and are healthier and safer than traditional tobacco use.

Attorney General Bonta joins the attorneys general ofIdaho, Illinois, Nebraska, Pennsylvania, Alaska, Colorado, Delaware, District of Columbia, Guam, Hawaii, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Northern Mariana Islands, Oregon, Puerto Rico, Rhode Island, South Dakota, Vermont, Washington, Wisconsin, and Wyoming in filing the comment letter.

A copy of the comment letter can be foundhere.

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Attorney General Bonta Joins Bipartisan Coalition in Urging FDA to Ban Sale of Synthetic Nicotine Products - California Department of Justice

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